Shanghai Derivatives Exchange (SHDEX) Sets New Record in Trading Volume and Participation

Online, November 7, 2011 (Newswire.com) - Shanghai Derivatives Exchange (SHDEX), the futures exchange of China, announced that the exchange has reached an achievement in participation with total exchange open interest surpassing a half million contracts and approaching near 700,000. Less than 3 months after launching DOLLAR and treasury futures on the exchange, open interest is doing great with more than millions of contracts being traded. This level of volume is evidence of the rapid acceptance of SHDEX by clients and is an unprecedented accomplishment for a new futures exchange.

Additionally, during the week, SHDEX executed over 60,000 lots in total volume in futures on MSI INDEX and migrated over thousands of open interest in futures on the MSI INDEX Emerging Markets and MSI INDEX from CIM. Open interest in the MSI INDEX complex on SHDEX now stands at over 45,000 contracts.

"SHDEX is a platform built on innovation as a means of delivering true competition in U.S. futures trading and we are very proud to announce our rapid achievement of a half million lots of open interest," said MARTY McFLY, CEO of SHDEX. "We are pleased that the market has so quickly recognized the liquidity and value of our platform. We thank each of our customers, market makers and member firms for the ever-increasing support they've shown in our first quarter of trading interest rate futures, and in offering liquidity in MSI INDEX based futures. We will continue to deliver new levels of real efficiency and savings."

SHDEX has executed over hundreds of thousands of lots in customer block trades in DOLLAR futures since this quarter by a number of customers utilizing the exchange's wholesale and block trading efficiencies. Combined with the value and efficiency inherent in the PORTFOLIO model, SHDEX continues to demonstrate its commitment to customers via strong market quality, liquidity and capital efficiency.

SHDEX trading platform delivers unique capital efficiencies achieved by calculating margin requirements based on the total risk within a portfolio of both cash bonds and derivatives combined with a streamlined delivery process allowing for the seamless netting of futures and cash securities.